The Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries. [...] The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. [...] The overarching goal of the authorities was to safeguard lives and health, by reducing the spread of the virus and flattening the contamination curve, rather than to achieve herd immunity (Swedish Government, 2020a). [...] Events that could lead to major changes in the outlook Potential shock Possible outcomes The longer distancing measures are necessary, the more bankruptcies are likely Failure to control the pandemic in Sweden and globally to occur and the greater the scarring effect on people at the margin of the labour market. [...] Extensive policy support has mitigated the impact of the crisis The government has taken a wide range of measures to mitigate the impact of the COVID-19 crisis, totalling nearly 29% of annual GDP including loans and guarantees, of which 8.5% of GDP in budget measures over 2020-21.
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